Brazil's Tax and Trade Policies under the Rousseff - Brazil-US ...
Brazil's Tax and Trade Policies under the Rousseff - Brazil-US ...
Brazil's Tax and Trade Policies under the Rousseff - Brazil-US ...
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O<strong>the</strong>r <strong>Brazil</strong>ian <strong>Tax</strong> Considerations1. Capital Gains• As a rule, capital gains realized by non-<strong>Brazil</strong>ian residents upon <strong>the</strong> disposal of assetsare subject to income tax in <strong>Brazil</strong> at <strong>the</strong> rate of 15%, whe<strong>the</strong>r <strong>the</strong> disposal is made toa <strong>Brazil</strong>ian resident or to ano<strong>the</strong>r non-<strong>Brazil</strong>ian resident• The applicable rate is increased to 25% if <strong>the</strong> non-<strong>Brazil</strong>ian resident is located in aFavorable <strong>Tax</strong> Jurisdiction2. Income• As a rule, any income paid, credited, delivered, employed or remitted by a <strong>Brazil</strong>iansource to an individual or legal entity residing abroad is subject to withholding incometax <strong>and</strong>, depending on <strong>the</strong> nature of <strong>the</strong> transaction that generates said income, o<strong>the</strong>rtaxes may be applied (such as PIS <strong>and</strong> COFINS, <strong>Tax</strong> on Services – ISS <strong>and</strong>Contribution for Economic Domain Intervention – CIDE)
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